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good defense to a failure to supervise case. then the feds come in on the other side they do a manuever now if steven cohen provide evidence and testimony in his defense in the sec case in washington, that will be used against him in the federal prosecution in new york. sac is surrounded right now and i don't think steven cohen is completely out of the woods in terms of an indictment. i think he has a problem. david: harvey, we may have to cut our conversation short. your cell phone is going in and out. if you can hear us we'll go on. but has there ever been a case. the sec is charging steve cohen and we may have criminal indictments to this charge, wasn't as conscious, not accusing him of insider trading but saying he should have been aware his traders were doing insider trading. has that kind of charge ever stuck? >> yes, they have brought similar types of cases but their case against cohen as i read it is much stronger than, than that. what they have said was, he was in the middle of e-mail chains that alerted them to the problematic nature of trading and i also think when you look a
resting its case in the fraud trial against ex-goldman sachs trader fabrice tourre. in a move the defense team didn't call any witnesses. closing statements will begin tooorrow. "after the bell" starts right now. david: let us get right to today's action. david cued low, breaks down why so-called barbell strategy helps you profit in uncertain environment. gerald levy, in the pits of the cme. jarrod, let's talk about the earnings season in general. we have had two earnings seasons since the year began. what do you think about the financials, their effect? some people think the financials are so big, reporting such big numbers members, partly because of fed is doing that they're skewing the overall, what say you? >> there are a couple of different opinions. i'm on that side of the coin, that the financials are looking better than they should. here is something to ponder. 270 companies in the s&p reported. we're about halfway threw. without the financials we would have negative 3.1% growth year-over-year. they're really carrying the s&p, with them included it is about 3% to the positive side
Search Results 0 to 1 of about 2